ANZ and Westpac Investigating Hundreds of Approved Dodgy Foreign Mortgages

"Major Asian currencies, such as the Chinese yuan and Thai baht, are excluded.
Other exclusions include the Indian rupee, Indonesian rupiah, Malaysian ringit and Taiwan dollar."

The only major one is yuan, rest of just so so currencies. Most people esp chinese use USD, HK dollar or Singapore dollar.

 

Damn Daniel, back at it again with the mortgage fraud....

"Around 38%" sounds pretty specific to me. Rest of the article, and good old Philip Soos of LF Economics commentary, here- You don’t need a “good job” to get a mortgage if your loan documents bump up your salary by $288,000.

 

I avoid the majors, but smaller banks and lenders have always called the applicant/s work places with each application, hell on one application was lucky enough to be part of the banks audit, they went through all personal accounts and other info.

So I would not believe anyone has been cheating them, they know I would think.

 

No harm, no foul?
Odd statement from him.